Dividends Keener Company has had 1,000 shares of 7%, $100 par preferred stock and 40,000 shares of $5 stated-value common stock outstanding for the last 3 years. During period, dividends paid totaled $6,000, $28,000, and $30,000 for each year, respectively. Required: Compute the amount of dividends that Keener must have paid to preferred shareholders and common shareholders in each of the 3 years, given the following 3 independent assumptions: If an amount is zero, enter "0". 1. Preferred stock is nonparticipating and noncumulative. Keener Company Schedule of Dividends Preferred Common Total Year 1 6,000 6,000 Year 2 7,000 21,000 28,000 Year 3 7,000 23,000 30,000 Feedback Check My Work 2. Preferred stock is nonparticipating and cumulative. Keener Company Schedule of Dividends Preferred Common Total Preferred Common Total Year 1 6,000 0 6,000 Year 2 $8,000 20,000 V 28,000 V Year 3 7,000 23,000 V 30,000 V Feedback Check My Work 3. Preferred stock is fully participating and cumulative. Keener Company Schedule of Dividends. Preferred Year 1 $6,000 Common Total 0 6,000 Year 2 $8,000 X 20,000 X 28,000 Year 3 7,000 X 23,000 X 30,000